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CMHC MLI Select

CMHC MLI Select Program: What You Need to Know in 2025*

Up to 85% LTV financing
40-50 year amortization
CMHC mortgage insurance
Construction & purchase options
Multi-unit property

Why Choose CMHC MLI Select Program?

Access preferred interest rates, reducing borrowing costs for multi-unit residential property construction, purchase and refinancing.
Get reduced premiums and longer amortization periods based on your level of commitment to affordability, accessibility and climate compatibility using MLI Select.
Rely on CMHC as Canada's only provider of mortgage loan insurance for multi-unit residential properties.

Invest in CMHC MLI SELECT Multiplexes Opportunities

Get up to 95% LTV | Contact Afaq Khan for more information

8-Plex Investment - CMHC MLI Select

8-Plex Investment

Modern 8-unit multifamily development in prime Calgary locations

Starting from $2.9M
5.0% - 5.7% Cap Rate
Prime Inner-City Location
Learn More
10-Plex Investment - CMHC MLI Select

10-Plex Investment

Premium 10-unit development with excellent cash flow potential

Starting from $3.2M
5.2% - 5.8% Cap Rate
High-Growth Area
Learn More
12-Plex Investment - CMHC MLI Select

12-Plex Investment

Large-scale 12-unit development for maximum investment returns

Starting from $3.8M
5.5% - 6.0% Cap Rate
Strategic Location
Learn More
Investors working together

Top CMHC MLI Select Benefits

Unlock exclusive advantages for investors with CMHC MLI Select. Enjoy flexible financing, low rates, and more.

  • Up to 95% financing – means as low as 5% down
  • Below-prime interest rates
  • 50-year amortization
  • Up to 10-year terms
  • Bank & lender fees covered
  • GST waived
  • Immediate cash flow
  • Up to 10% appreciation in year 1

More Investor Advantages

Take your investment further with additional perks, security, and wealth-building opportunities.

  • Favourable refinancing opportunities – Parri Passu Mortgage
  • Turnkey investments
  • Pre-leasing of units with property management
  • Government-backed security
  • Generational wealth building

Minimum Debt Coverage Ratio (DCR) Requirements

Property TypeCategoryDCR Requirement
5-6 Units(For purchase)Residential Space1.10
5-6 Units(For refinance)Residential Space1.10
7+ Units (10+ years)Residential Space1.20
7+ Units (<10 years)Residential Space1.30
5+ Units (10+ years)Non-Residential Space1.40
5+ Units (<10 years)Non-Residential Space1.50
CMHC Rental

Guarantee Requirements

Construction Financing

Initial Requirement:

100% guarantee until stabilized rents achieved for 12 months

Ongoing:

40% of outstanding loan amount thereafter

Purchase/Refinance

Initial Requirement:

40% of outstanding loan amount

Ongoing:

Ongoing guarantee requirement

Limited Recourse

Initial Requirement:

Available for loans ≤65% of lending value

Ongoing:

Non-recourse to borrower option

Need More Information?

For additional details on fees, premiums, documentation requirements, and other multi-unit products, please contact CMHC directly.

Check out the MLI Select page on our website for information about affordability, accessibility, and energy efficiency incentives.

Contact Details

+1 (587) 435-0710
[email protected]
665 Goddard Ave NE , Calgary

Visit cmhc.ca/mliproducts for complete information

Frequently Asked Questions

Interested in CMHC MLI Select Program?
Contact CMHC MLI Select Program specialist Afaq today.

What you'll receive:

  • Detailed CMHC MLI Select program information
  • Eligibility requirements and qualification criteria
  • Financing options and rates
  • Application process and documentation requirements

By submitting this form, you consent to be contacted with information regarding CMHC MLI Select financing options. Your information will be securely sent directly to Afaq Khan, a licensed real estate agent and CMHC specialist, to assist you with your inquiry.

Learn More about CMHC MLI SELECT PROGRAM CALGARYLearn More about CMHC MLI SELECT PROGRAM EDMONTONLearn about CMHC MLI SELECT Program for 8 Plex multi family opportunityLearn More about CMHC MLI Select Program for 10 plex investment opportunityLearn More about CMHC MLI Select Program for 12 plex investment opportunity

Afaq Khan is a licensed real estate agent based in Calgary, Alberta. With deep expertise in the CMHC MLI Select program, Afaq has helped numerous clients navigate and secure financing for their multi-unit housing projects. Whether you're an investor or a developer, Afaq brings the knowledge and experience to guide you through the process with confidence.
This is a promotional feature. Homebaba is not involved in any transactions, services, or advisory related to CMHC, real estate, or financing. All services are provided directly by Afaq Khan and his affiliated brokerage.

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